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Apr 22, 2013
04/13
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they argue the faa has other ways to cut about $650 million out of what is a $16 billion department of transportation budget. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before during any budget sequestration, any shutdown of the faa or anything like that. >> even the white house today said this was never supposed to happen. brian? >> pick it up from there. hampton pearson, thank you very much. let's stay with the theme. you know what, airline stocks have actually been on a tear. the question now is whether or not the sequester could end that run. phil lebeau is here to preview the airline earnings ahead this week. i'm also wondering what they are going to say in their commentary about all of this issue. >> mandy, there's going to be plenty of commentary. we've already heard from some of the airlines they do expect sequestration to have some impact, probably not in the first quarter but definitely in the second quarter. delta is reporting before the bell tomorrow morning. now, a couple of
they argue the faa has other ways to cut about $650 million out of what is a $16 billion department of transportation budget. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before during any budget sequestration, any shutdown of the faa or anything like that. >> even the white house today said this was never supposed to happen. brian? >> pick it up from there. hampton pearson, thank...
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Apr 25, 2013
04/13
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and how the faa cuts are really going to affect him and you. but first, squaring off over the company behind scotch tape. whose case will stick out? stick out. >> tough to keep a straight face. >> we're going to post that up. next. >> yet another change on the board. the board will stand at ten members once this is complete. >> the fact that kindle is selling there. >> guys, back to you. >> just on a pure technicallel. the stocks have been trading between 260 ask 280 all year. >> the stock is closing lower after -- that news sparking a street fight. you both have a total of 90 seconds to state your cases. >> not going to need 90 seconds. sales were up 2% year-over-year. >> you know what? he will be here all week. >> this is a huge company. operating income. that's terrible. and at 14 times forward earnings, that makes this company rich by those metrics. this is a company with obvious exposure. we know what's going on. >> we have already seen that. we know. tell me something i don't know. the chart is on fire. this is the place you want to be. >
and how the faa cuts are really going to affect him and you. but first, squaring off over the company behind scotch tape. whose case will stick out? stick out. >> tough to keep a straight face. >> we're going to post that up. next. >> yet another change on the board. the board will stand at ten members once this is complete. >> the fact that kindle is selling there. >> guys, back to you. >> just on a pure technicallel. the stocks have been trading between 260...
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Jan 17, 2013
01/13
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i don't think boeing agrees with the faa as to the severity of this problem. i think the faa is overreacting to the severity of the problem, but nevertheless it's going to get resolved i think rather quickly. >> so, again, at this point, boeing is working with the faa trying to see if they can come up a solution to get the dreamliner back in the air. maria, it could happen as early as next week. again, we're a long ways from the faa signing off on some solution. >> what kind of an impact is this going to have on the company's financially, phil? i mean, this obviously is a major blow. what do you think this is going to mean in terms of financials? >> if this only lasts five or six days, not a huge impact. the real impact is on the production schedule. if that's ever altered and they have to slow from making five to month to ten per month, if that changes and they have to slow down, that's when the financial impact really starts to mount. >> the last time a specific aircraft model was grounded was back in 1979 after a mcdonnell douglas dc-10 crashed in chicago k
i don't think boeing agrees with the faa as to the severity of this problem. i think the faa is overreacting to the severity of the problem, but nevertheless it's going to get resolved i think rather quickly. >> so, again, at this point, boeing is working with the faa trying to see if they can come up a solution to get the dreamliner back in the air. maria, it could happen as early as next week. again, we're a long ways from the faa signing off on some solution. >> what kind of an...
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Apr 29, 2013
04/13
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and the faa. you know there are some republicans in congress who accuse president obama of making these furloughs as painful as possible. do you think he has made his point? >> it blue up in his face. i think that was the objective. the ticket taxes that they collect run the system. so the money was there. it was just a ploy, i think, to put some pressure on the congress to ease the tax abatement and it didn't work. it just blue up in his face and they folded and went away. it was a foolish idea. cost millions of dollars for not only airlines but the economy and i'm glad to see the congress straighten it out. >> so it backfired. duh the faa need its own budget separate from the political process? >> i think the faa needs a good leader and good judgment. they have one that doesn't know the front from the back of an airplane and is at a loss at what to do. the air transportation system runs our economy. you can't go to london for a meeting if you can't fly there. the whole country came to a standsti
and the faa. you know there are some republicans in congress who accuse president obama of making these furloughs as painful as possible. do you think he has made his point? >> it blue up in his face. i think that was the objective. the ticket taxes that they collect run the system. so the money was there. it was just a ploy, i think, to put some pressure on the congress to ease the tax abatement and it didn't work. it just blue up in his face and they folded and went away. it was a...
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Jan 17, 2013
01/13
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is the faa culpable in this, bertha, or not? >> i'm not sure it's the faa. i'm wondering in terms of the testing of the batteries. that appears to be the major issue that we are seeing and could you really test them? is there a problem with the lithium batteries when you've been flying plaens? >> robby, you're a brand expert here. what would you be telling boeing to do today? and do you think the image of the 787 is so tarnished that it will become like the dc 10s? >> absolutely. what i would be saying to them as i've discussed with other airline clients is these are the times to fix it when it's still on the ground, right? you want to fix it before you're in the air and something bad happens. the faa, i think they set the rules. i think boeing wants to get this air ship out, but they want to make sure that it's safe. >> this is early in the life span of this -- >> absolutely. >> -- aircraft. >> it's a gorgeous plane. it's going to ultimately be a wonderful savings to people. it's a good thing. >> let's move on to doping denials. note tore dame shame. it see
is the faa culpable in this, bertha, or not? >> i'm not sure it's the faa. i'm wondering in terms of the testing of the batteries. that appears to be the major issue that we are seeing and could you really test them? is there a problem with the lithium batteries when you've been flying plaens? >> robby, you're a brand expert here. what would you be telling boeing to do today? and do you think the image of the 787 is so tarnished that it will become like the dc 10s? >>...
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Apr 19, 2013
04/13
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no fly zone, according to the faa. am
no fly zone, according to the faa. am
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Feb 22, 2013
02/13
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faa will not get ahead of that. if the fix is good to the faa, how the boeing will fix the problem, the faa could allow the test flights and only test flights to see that this cure for the problem will work and once the ntsb issues findings, then the faa can give boeing approval. but the faa will not get ahead of ntsb. >> so late march early april is possible. >> it is. >> as secretary lahood said today, not just air traffic control, but other portions of air safety and major delays potentially in flight times and at the saythe airport. how do you see it? >> actually, been there done that. i was there when we had to shut it down twice in the '90s under bill clinton. air traffic control will exempt. air traffic control will continue as will law enforcement. tsa should continue to work. the repairs come out of the trust fund and so that is already funded. regular rank and file faa, inspectors, et cetera will be subject to furlough. but air traffic controllers are exempt. repairs are budgeted already and tsa law enforc
faa will not get ahead of that. if the fix is good to the faa, how the boeing will fix the problem, the faa could allow the test flights and only test flights to see that this cure for the problem will work and once the ntsb issues findings, then the faa can give boeing approval. but the faa will not get ahead of ntsb. >> so late march early april is possible. >> it is. >> as secretary lahood said today, not just air traffic control, but other portions of air safety and major...
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Apr 5, 2013
04/13
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i have got to go now because we have breaking news from the faa. >> the faa has diseased it's going to be -- remember they were supposed to close down on sunday because of sques ration cuts. now the faa saying we're going to put that off until june 15. they need to make sure they get this right and that safety is the top priority ask that closing these centers you want to make sure there will be ample resources to ensure that they will be controlled and those flights continue and continue safely. so, june 15 is the new day for the cuts of 149 air traffic control towers. >> is one laptop really worth four times the price of another? why we're willing to pay the apple premium when street signs returns. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the mo
i have got to go now because we have breaking news from the faa. >> the faa has diseased it's going to be -- remember they were supposed to close down on sunday because of sques ration cuts. now the faa saying we're going to put that off until june 15. they need to make sure they get this right and that safety is the top priority ask that closing these centers you want to make sure there will be ample resources to ensure that they will be controlled and those flights continue and continue...
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Apr 25, 2013
04/13
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we don't need to spend one more nickel on faa. they have the flexibility to implement this without the furloughs. >> just in the time we have been waiting to talk to you guys. we saw three planes land about. >> thank you very much. breaking news right now. we have the first republican reaction from the capital to talk about the developments out of syria. joining us to do that. he also sits on the foreign affairs committee. what is your reaction that syria specifically might have used chemical weapons? >> it's a scary situation for the human tear issues that have been surrounding syria for a long time. what really gets scarry is when we start talking about whether or not we're going to put our men and women of the armed forces as boots on the ground. we don't know what the red line that the president used this is a -- not a good situation there. now the french, the british, and now the zreels and now us in the united states are confirming that chemical weapons have been used. >> i understand your concern, obviously, about putting u
we don't need to spend one more nickel on faa. they have the flexibility to implement this without the furloughs. >> just in the time we have been waiting to talk to you guys. we saw three planes land about. >> thank you very much. breaking news right now. we have the first republican reaction from the capital to talk about the developments out of syria. joining us to do that. he also sits on the foreign affairs committee. what is your reaction that syria specifically might have...
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Apr 23, 2013
04/13
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that has prompted the faa to cut 47,000 jobs and 13,000 of those are air travel controllers. that is in an effort to trim $200 million from the budget. the question, of course, is at what cost is that savings really coming? the concern is that there will be a domino effect here, that delays like this will cause people, especially business men and women to stop traveling, travel less because of the inconvenience. not only having the bottom line of the airlines, but the greater economy. for example, american airlines say it could see a hit of $1.7 million a day as a result of this. now, some suggesting that people may be too quick to point the finger at washington. the faa saying in a statement that 1200 delays yesterday occurred because of the furloughs, but that 1400 more occurred because of bad weather and other factors. so a couple things to consider, but for now i want to send it over to phil lebeau, a top member of the air travel controllers union. >> imto bring in dean yakapelli, in charge of the association, the new york office. dean, your people are the ones who staff
that has prompted the faa to cut 47,000 jobs and 13,000 of those are air travel controllers. that is in an effort to trim $200 million from the budget. the question, of course, is at what cost is that savings really coming? the concern is that there will be a domino effect here, that delays like this will cause people, especially business men and women to stop traveling, travel less because of the inconvenience. not only having the bottom line of the airlines, but the greater economy. for...
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Jan 11, 2013
01/13
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it'll be run by the faa. but boeing will be assisting in that review and so will some of the suppliers, no doubt, as they look at electronics and use of lithium ion batteries on the dreamliner. remember a lithium ion battery was traced to be the source of the fire of the 787 that caught on fire while parked at a gate in boston on monday. in 2007 the faa made special rules for the use of lithium ion batteries on airplanes because of flammability can concerns. with all of that said, listen to what the head of the faa and secretary of transportation add to say when asked point blank, is it safe to fly the dreamliner. >> there's nothing that data has said that would suggest this airplane is not safe. >> i believe this plane is safe and i would have absolutely no reservation of boarding one of these planes and taking a flight. these planes are safe tp prs. >> another part of the review by the faa, looking at the manufacturing process of the dream liner, remember, beauing is rampantly scaling up production of this
it'll be run by the faa. but boeing will be assisting in that review and so will some of the suppliers, no doubt, as they look at electronics and use of lithium ion batteries on the dreamliner. remember a lithium ion battery was traced to be the source of the fire of the 787 that caught on fire while parked at a gate in boston on monday. in 2007 the faa made special rules for the use of lithium ion batteries on airplanes because of flammability can concerns. with all of that said, listen to...
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Apr 25, 2013
04/13
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with the latest on these faa furloughs. hampton? >> reporter: well, maria, what we've seen now is for the past three days, a pattern of thousands of flights being delayed, hundreds canceled, about 6,400 a day of delays, 400 plus flights being canceled. that's having the impact of putting a lot more heat here on lawmakers and the white house. lawmakers basically calling this a managed crisis on the part of the administration. the administration beginning to show, perhaps, some interest in getting some sort of faa-only fix. that's a tricky thing going on, and it's really dependent upon what happens in the senate, because the senate's due to go out for a week-long recess after tomorrow. in essence, if there is a legislative fix, it involves basically giving the faa more flexibility to go back into some of its own budget accounts that aren't impacted by the sequester, get the money necessary to get the controllers back on duty at airport towers and air traffic control centers around the country. because, again, the numbers don't lie. yo
with the latest on these faa furloughs. hampton? >> reporter: well, maria, what we've seen now is for the past three days, a pattern of thousands of flights being delayed, hundreds canceled, about 6,400 a day of delays, 400 plus flights being canceled. that's having the impact of putting a lot more heat here on lawmakers and the white house. lawmakers basically calling this a managed crisis on the part of the administration. the administration beginning to show, perhaps, some interest in...
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Apr 22, 2013
04/13
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. >>> also tonight, the faa says the sequester is starting it to start furloughs. that means major delays at airports. this is all politics. we'll talk to one airline pilot who says the faa action is bologna. >>> and the senate is beginning to vote to improve an -- approve an internet sales tax that will wreck small business, dan consumers and amount to a huge tax grab for state governments across the country. a terrible idea. ""the kudlow report"" begins right now. ♪ all right. charges were filed against terror suspect dzhokhar tsarnaev. nbc news' pete williams joins us with all the details. good evening, pete. >> well, the combination of evidence here the government says they have, larry, the main thing here is from a surveillance video from the scene of a second bombing, they say they can see dzhokhar tsarnaev come into view. they see him work his way into the crowd, take his backpack off, lower it to the ground. they say still photographs show it down on the ground at his feet and they say one of the most telling moments is when the bomb at the first site goe
. >>> also tonight, the faa says the sequester is starting it to start furloughs. that means major delays at airports. this is all politics. we'll talk to one airline pilot who says the faa action is bologna. >>> and the senate is beginning to vote to improve an -- approve an internet sales tax that will wreck small business, dan consumers and amount to a huge tax grab for state governments across the country. a terrible idea. ""the kudlow report"" begins...
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Dec 2, 2013
12/13
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have you talked to the faa directly how it would integrate? >> well, i'm not in a position to talk about what discussions we've had with the federal government, but you're right, these are vehicles that we would input a gps -- the gps coordinates, they will lift off and fly directly. these aren't piloted by remote human being. they're autonomous vehicles that will fly on their own, but again there's a lot of work to be done. it's going to be a few years, but again we're excited about it. we think there's great possibility, as jeff said last night, over 90% of the items you see in buildings like this weigh less than five pounds and have the potential to be delivered by a vehicle such as this. >> if nothing else, craig, you have people talking all day everywhere about this, and people i think are really impressed with i think, the audacity of the idea. jon fortt, what would you like to ask? or what is your perspective? >> craig, i imagine there's a lot of challenges are looking at. and that is really a lot of the technology here, how to stabiliz
have you talked to the faa directly how it would integrate? >> well, i'm not in a position to talk about what discussions we've had with the federal government, but you're right, these are vehicles that we would input a gps -- the gps coordinates, they will lift off and fly directly. these aren't piloted by remote human being. they're autonomous vehicles that will fly on their own, but again there's a lot of work to be done. it's going to be a few years, but again we're excited about it....
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Feb 22, 2013
02/13
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when he is meeting with michael, head of the faa, boeing has been working hand in hand with the faa since january, in consultation to the changes they might be make together dreamliner. one last thing to keep in mind, mandy, i would not expect a decision today from the faa. they will take some time to decide what they might do. and it might be a conditional approval of the faa plan or the boeing plan, we should say. this is something that will play out over the next couple of weeks. >> thank you so much. phil lebeau. >>> let's turn from planes to automobiles. if you want it trade in your used car or truck, you might be in luck. used vehicles are in such demand that selling prices are on the rise to historical highs in 2012. average used vehicle sold for 17,500. so what is driving this trend? let's ask. president and ceo of groupon automotive. great to have you with us. i've even heard that dealers are so short of used car inventory, they have to resort to things like looking on craigslist. going to sporting events parkinging lots, supermarket parking lots to find used cars to sell. is thi
when he is meeting with michael, head of the faa, boeing has been working hand in hand with the faa since january, in consultation to the changes they might be make together dreamliner. one last thing to keep in mind, mandy, i would not expect a decision today from the faa. they will take some time to decide what they might do. and it might be a conditional approval of the faa plan or the boeing plan, we should say. this is something that will play out over the next couple of weeks. >>...
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Jan 23, 2013
01/13
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>> ray lahood, along with the head of the faa, meeting in washington at arrow club luncheon. one of the questions to the second of transportation, the dreamliner is safe and later grounding tp listen to what secretary of transportation has to say. >> you know what? i'm not doing these hypothetical 2020 look backs. we did what we did and did the right thing. for the american people. and when we finish our review and figure out what happened, we will be happy to announce it. no postmortems. >> a few more questions. but basically what they had to say is this investigation is still ongoing. a couple of points, japan and since the battery is involved in that incident is not overcharged. flipping to what they say originally. they are testing lithium ion cells in washington and these investigators for the ntsb and boeing are running tests in multiple locations around the country. and it is clear from listening to comment guys in washington as you look at shares of boeing. it is clear from listening to the secretaries of transportation, they are that close to finding a definitive cau
>> ray lahood, along with the head of the faa, meeting in washington at arrow club luncheon. one of the questions to the second of transportation, the dreamliner is safe and later grounding tp listen to what secretary of transportation has to say. >> you know what? i'm not doing these hypothetical 2020 look backs. we did what we did and did the right thing. for the american people. and when we finish our review and figure out what happened, we will be happy to announce it. no...
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Oct 31, 2013
10/13
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>> i think because the faa is saying, you know what? we still want people -- we want to be a little more safe than sorry in terms of sending any signals out from your phone while you're in flight. and here's essentially what the faa rules are. and it comes down to this. the e-readers, the ipods, any games that you might have played in the past, those are going to be okay from start to finish. you don't have to turn those off. what is still banned, anything with cell service, sending out a signal. so you won't be able to text or send e-mails or make phone calls. that's still banned. here's the faa administrator talking about what he thinks you should do with your phone when flying. >> we want them to be in airplane mode. there is no safety problem. if it's not. but you're going to arrive at your destination with a dead phone. and i don't think anyone wants that. >> the faa says airlines should change their policies by the end of the year, although we've already heard from a couple delta and jetblue saying that they plan to do it much soo
>> i think because the faa is saying, you know what? we still want people -- we want to be a little more safe than sorry in terms of sending any signals out from your phone while you're in flight. and here's essentially what the faa rules are. and it comes down to this. the e-readers, the ipods, any games that you might have played in the past, those are going to be okay from start to finish. you don't have to turn those off. what is still banned, anything with cell service, sending out a...
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Apr 25, 2013
04/13
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they say there is no cooperation between the faa and major air carriers? how does this end up and when does this end up? >> first of all, they don't need additional authority. because they won't use the authority they have, i think congress will give them and mandate and solve this problem. the difference is that members of congress, republicans and democrats respond to their constituent issues and pressures and the white house wants to create a political issue. >> to when? are you off next week, so that's not going to do it. >> this is in the works as we speak. >> all right. let's hope so, senator jerry moran. i appreciate very much so. thank you for your time. >> thanks, larry. >> as we speak, maybe even tonight. now, let's focus on good news. the jobless claims this morning points to a stronger economy and may quiet all that talk about a spring swoon. we will talk about that, the sharp jump in gold this week and other things next up on "the kudlow report." changing the world is exhausting business. with the innovating and the transforming and the revolu
they say there is no cooperation between the faa and major air carriers? how does this end up and when does this end up? >> first of all, they don't need additional authority. because they won't use the authority they have, i think congress will give them and mandate and solve this problem. the difference is that members of congress, republicans and democrats respond to their constituent issues and pressures and the white house wants to create a political issue. >> to when? are you...
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Dec 3, 2013
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our small uas are among the first, i think the only hand launched unmanned airplane that has faa type certification for commercial use and we're already engaged in that application in the arctic and alaska. we're working with multiple doctors in public service and government applications and consumers with early experimentation. they are already approved for operation in three other countries including europe. so, it's evolving now. we are spending most of our time understanding customer needs with industry, public service and governments. >> within the next year? what's the time frame, tim? >> in north america, congress has mandated that the faa complete their rules for unmanned airplane system s entering the national air space safely by 2015. ber nationally that could also happen within that time frame. >> thanks so much for joining us. hope to have you back on with us show. the ceo of air environment. this is very interesting. one owns a 4.6% stake in the company. what they wanted to hear is they were going to pursue commercial opportunities and here tim is saying that is one of th
our small uas are among the first, i think the only hand launched unmanned airplane that has faa type certification for commercial use and we're already engaged in that application in the arctic and alaska. we're working with multiple doctors in public service and government applications and consumers with early experimentation. they are already approved for operation in three other countries including europe. so, it's evolving now. we are spending most of our time understanding customer needs...
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Apr 16, 2013
04/13
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american airlines grounding the entire fleet at their own request, not the request of the faa, because of their computer problems. apparently they were loading flights mannelly, the old way, versus check-in issues, now american airlines grounding the entire fleet by its own request to the faa. obviously there's more than 1500 flights per date, countless numbers of travelers on an airline that will be bought by us airways. find a good bar in the airport where you're at, hunker up, a pint of beer, whatever your choice of beverage is, because it could be a long day. >> we'll keep on following this story. >>> let's look at what's happening in "street talk." hitting five stock stories every single day. microsoft, a little pop from an upgrade. >> morgan stanley upgrading to an dwael weight. this is the re-assumption by the firm. their target 36 bucks, about 25% more up side from here. they say the market is overlooking self earnings dat list. >> we've also got dreamworks. >> beriley, kind of a small firm, but they're taking advantage of yesterday's decline in dwa, and upgrading the stock to
american airlines grounding the entire fleet at their own request, not the request of the faa, because of their computer problems. apparently they were loading flights mannelly, the old way, versus check-in issues, now american airlines grounding the entire fleet by its own request to the faa. obviously there's more than 1500 flights per date, countless numbers of travelers on an airline that will be bought by us airways. find a good bar in the airport where you're at, hunker up, a pint of...
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Apr 26, 2013
04/13
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congress approved a bill today that will bring an ento the faa furlough fiasco. our own producer elizabeth schultz snapped this picture on her way through washington, d.c. if less than a week, lawmakers put together a bill giving more discretion how sequester cuts are alocated? just who are the winners and losers from this furlough fight? let's bring back keith boykin, you are furthest away, i maintain the democrats were the losers. >> i think you are exactly right. i flew down here to miami on wednesday from new york. there were 863 delays, flight delays that day according to faa, a lot because of the sequester. what the democrats did on thursday night in the senate and today in the house is that they basically caved in and gave up all the leverage they had on the sequester and gave it over to the republican. now there is no reason, no justification to say this is supposed to be applied to everyone when we know and who is rich and powerful can basically buy tear way out of the impact with the sequester. i think it was a horrible move with the house. >> all those
congress approved a bill today that will bring an ento the faa furlough fiasco. our own producer elizabeth schultz snapped this picture on her way through washington, d.c. if less than a week, lawmakers put together a bill giving more discretion how sequester cuts are alocated? just who are the winners and losers from this furlough fight? let's bring back keith boykin, you are furthest away, i maintain the democrats were the losers. >> i think you are exactly right. i flew down here to...
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Apr 22, 2013
04/13
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>> i think it's less likely they'll get the faa to change their mind. it's more likely if there's huge public outcry that then you have people in congress who will say, okay, what can we do special in terms of funding so that the faa can reverse this? but i don't think the faa has any plans to change it on its own. >> all right, guys. we have breaking news. we want to -- thank you so much for joining us. get to our breaking news desk. authorities in canada are announcing a thwarted terrorist attack via amtrak between new york and montreal. let's listen to this. >> before we start, i would ask that you please turn off or put on silent mode your cell phones. today's press conference will last approximately 30 minutes. the rcp will be making statements on a national security criminal investigation. integrated national security enforcement teams in montreal and toronto. the statements will be followed by a short question period. >> okay. we want to get you the details of this press conference happening right now in canada. let's get to bertha coombs to give
>> i think it's less likely they'll get the faa to change their mind. it's more likely if there's huge public outcry that then you have people in congress who will say, okay, what can we do special in terms of funding so that the faa can reverse this? but i don't think the faa has any plans to change it on its own. >> all right, guys. we have breaking news. we want to -- thank you so much for joining us. get to our breaking news desk. authorities in canada are announcing a thwarted...
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Jan 16, 2013
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whether it's the faa, or boeing. is that the public really appreciates when government agencies, particularly when corporations, put their safety first. and public responded well when corporations have done that. so if there is an issue that's not resolved, it is one of the things the company ought to consider. >> you think boeing should cut it down for now? boeing should do it. customers, don't fly right now? >> they should consider it. yes, there is a whole lost financial issues they have to consider. but if there are problems with the plane and there's investigations going on, it certainly is something they should be talking about now. >> maybe phil another time we can get into the financials of what it would cost to ground the plane. we have to wrap it up there. in the long run, hopefully it leads it a safer plane. >> on deck, much more on the developing story in algeria. cia calling it a terrorist attack. well give give you latest as we learn it, coming up. >> jamie dimon says housing is back. but have you tried
whether it's the faa, or boeing. is that the public really appreciates when government agencies, particularly when corporations, put their safety first. and public responded well when corporations have done that. so if there is an issue that's not resolved, it is one of the things the company ought to consider. >> you think boeing should cut it down for now? boeing should do it. customers, don't fly right now? >> they should consider it. yes, there is a whole lost financial issues...
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Jan 17, 2013
01/13
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the faa ordering all u.s. based airlines to ground boeing 787 dream liners amid a safety investigation. boeing shares now down nearly 2% after hours. cnbc's own phil lebeau joins us with the details. good evening, phil. >> reporter: hey larry is this a huge move by faa. while it directly applies to all u.s. airlines and only one right now united airlines is actually flying the dreamliner, in reality what happens with the faa often sets the agenda for other aviation administrations in other countries around the world. you'll likely see other agencies in other countries fall in line with this and essentially what you're looking at here is ultimately all of the 787 dream liners will be grounded at least for the foreseeable future dill they get to the bottom of the issue. >> we already saw the japanese story. some of the jal planes were grounded. financially, phil, financially what does this mean? the stock is falling for boeing. >> reporter: too soon to tell for boeing. the big implication for boeing when you loo
the faa ordering all u.s. based airlines to ground boeing 787 dream liners amid a safety investigation. boeing shares now down nearly 2% after hours. cnbc's own phil lebeau joins us with the details. good evening, phil. >> reporter: hey larry is this a huge move by faa. while it directly applies to all u.s. airlines and only one right now united airlines is actually flying the dreamliner, in reality what happens with the faa often sets the agenda for other aviation administrations in...
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Feb 5, 2013
02/13
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faa approves it all the time. i suspect they will go to the faa with enough data to say we need to get to the level of testing these batteries in flight to see if there are certain things that happen in flight that don't happen on the ground. that could have the answer. >> makes perfect sense. i would volunteer to do a test flight if i could do a destination at the same time. >> that would be japan because you want to go back and relearn japanese. >>> a big fat red flag, just when you thought it was safe to get back into housing, an analyst with a huge downgrade for home builders. >> zynga, the epic free fall. it's out ahead of arranges today. what are the three things need to do to get back in the game. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fi
faa approves it all the time. i suspect they will go to the faa with enough data to say we need to get to the level of testing these batteries in flight to see if there are certain things that happen in flight that don't happen on the ground. that could have the answer. >> makes perfect sense. i would volunteer to do a test flight if i could do a destination at the same time. >> that would be japan because you want to go back and relearn japanese. >>> a big fat red flag,...
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Jan 30, 2013
01/13
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i think the issue would be are they so unstable that the faa will not let the plane fly with, you know, some change in procedures to assure that the batteries would be safe. remember, you know, both these incidents happened either when the plane was on the ground or when it had just taken off. my understanding is that the battery doesn't really get into a situation where it's likely to short circuit once you're in mid-air flight. so if you can figure out why you're having this problem when it's on the ground or just taking off. >> okay. >> right. >> institute procedures, i think you'd be okay. >> got it. thank you very much. >> terrific. thank you. >>> okay. you have heard of prince albert in a can. now can you check out prince charles in a tube. he took a ride on the london underground earlier on today. what they call, of course, the tube, along with his wife camilla. the first time in a quarter century that the royal has ridden those rails. charles and camilla were commemorating the 150th anniversary of the london underground, the world's oldest subway system and runs like it as well
i think the issue would be are they so unstable that the faa will not let the plane fly with, you know, some change in procedures to assure that the batteries would be safe. remember, you know, both these incidents happened either when the plane was on the ground or when it had just taken off. my understanding is that the battery doesn't really get into a situation where it's likely to short circuit once you're in mid-air flight. so if you can figure out why you're having this problem when it's...
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Jan 18, 2013
01/13
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communication continues between boeing and faa but we are aways from the faa signing off and insuring batteries on these play planes are safe. >> thank you. see you next week. >> you too. >> are you there god? it's me. ben bernanke. pimco handing down 10 commandments from the fed. we will get divine intervention from pimco. >> an interview with john mcafee. he has a home here in america an he will be here to tell us where he is and what he's been up to. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> hear me! all hear me! all pay heed, the lord, the lord jehovah, has given unto yo
communication continues between boeing and faa but we are aways from the faa signing off and insuring batteries on these play planes are safe. >> thank you. see you next week. >> you too. >> are you there god? it's me. ben bernanke. pimco handing down 10 commandments from the fed. we will get divine intervention from pimco. >> an interview with john mcafee. he has a home here in america an he will be here to tell us where he is and what he's been up to. ♪ [ male...
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Apr 24, 2013
04/13
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what that is doing with the faa, i don't know. that's the kind of jump they could easily remove. >> i had $447 million, you are right, for community green development. also, $500 million for various consultants that were supposed to fix that at the faa years ago. it never got fixed. the whole cut is $630 million. right there, those two items would have covered the cut intl by the way, this is an opportunity to reform the faat. rest of the world is way ahead of us. we could have handled twice the traffic. by the way, larry, the number of flights is 20% less than three or four years ago. so what's happening here? >> one other thing or two, if you buy an airline ticket, you got a tax on there specifically to provide for air traffic controllers. so why the heck could that money go and business dissipated elsewhere? >> that is a great question. are you a former assistant director of the office and manage and budget? >> chief economist, yes. same job you had. >> i had the same job you had about ten years later under different administra
what that is doing with the faa, i don't know. that's the kind of jump they could easily remove. >> i had $447 million, you are right, for community green development. also, $500 million for various consultants that were supposed to fix that at the faa years ago. it never got fixed. the whole cut is $630 million. right there, those two items would have covered the cut intl by the way, this is an opportunity to reform the faat. rest of the world is way ahead of us. we could have handled...
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Dec 30, 2013
12/13
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moving on the faa selected six sites for drone testing. judd, i believe you were in oklahoma a state that wanted to test the drones. >> what happened the faa picked these sites say round the country. they are now going gather data about the broken industry which interesting as we all know drones are used in the military, used by law enforcement agencies but the drone industry thinks there's these big potential commercial applications and industries ranging from farming to oil and gas exploration. the job of the faa will be to try to figure out how these kind of to integrate drones safely into our airspace. >> testing drones. doing test flights. >> it's all coming. >> coming up -- thank you very much, josh. coming up, million dollar homes are so 2013. we have mega million dollar mansions to ring in your new year. >> "street signs" he wants its way through the year's trendiest snacks. is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz.
moving on the faa selected six sites for drone testing. judd, i believe you were in oklahoma a state that wanted to test the drones. >> what happened the faa picked these sites say round the country. they are now going gather data about the broken industry which interesting as we all know drones are used in the military, used by law enforcement agencies but the drone industry thinks there's these big potential commercial applications and industries ranging from farming to oil and gas...
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Mar 22, 2013
03/13
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. >>> let's get to some breaking news on the faa. we go live to hampton pearson with that. >> reporter: bill, the faa is out with its list of towers around the country to be closed, 149, including the one behind me here at the frederick, maryland, airport, scheduled to be closed starting on the 27th. another 24, if you will, i want to double check here, another 24 towers will remain open under that program. all part of the faa and d.o.t. meeting, a $630 million sequestration target that had to be met. in essence, the transportation secretary, ray lahood said, we listened to communities around the country make the case for why facilities should be open and how important it was, but in the end it came down to a matter of making these sequestration targets, as well as how important these particular facilities were to the homeland defense. so the faa out with its list, 149 contract towers around the country to be closed starting on april 7th. >> what does that mean for travelers? >> are we still talking delays? >> reporter: well, number
. >>> let's get to some breaking news on the faa. we go live to hampton pearson with that. >> reporter: bill, the faa is out with its list of towers around the country to be closed, 149, including the one behind me here at the frederick, maryland, airport, scheduled to be closed starting on the 27th. another 24, if you will, i want to double check here, another 24 towers will remain open under that program. all part of the faa and d.o.t. meeting, a $630 million sequestration...
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Jan 11, 2013
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, they would say why is the faa, so there's a little cya at the faa. >> they signed off on this, joe. they signed off on a lot of technology and processes that were new. >> and i think boeing is probably like ge, a six sigma -- you remember some of the number that's we used in six sigma, phil? it has to be three failures out of 10 million or something. with a lithium ion battery, i don't think you could accept three failures out of ten mill, could you? you have to have zero failures. >> right. and the other day when boeing held a conference call and the chief engineer for the dreamliner came out and said, listen, we've got over a million miles with these lithium ion batteries. this is the only incident. there are other electronics issues, whether it's the electrical panel on certain dreamliners that have been failing, whether or not it's a plane losing power. that's under review. but it's not like one is separate from the other. >> i just like it when i can get you to say battery peps it's a chicago thing, right? >> i'll do that if you tell me you're a six sigma green pelt. how about
, they would say why is the faa, so there's a little cya at the faa. >> they signed off on this, joe. they signed off on a lot of technology and processes that were new. >> and i think boeing is probably like ge, a six sigma -- you remember some of the number that's we used in six sigma, phil? it has to be three failures out of 10 million or something. with a lithium ion battery, i don't think you could accept three failures out of ten mill, could you? you have to have zero...
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Jan 17, 2013
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, for the faa and for this project. we should be very clear. the 787 is a more fuel-fish, yes, but it also doesn't have the heavy, pneumatic systems. it has this unique electrical system which relying on lithium-ion batteries. how far do you go that actually it has potentially a conflict of interest in that it has to both regulate and promote this industry. >> that's true. that's why when last weerk the faa at the press conference said this is a safe carrier and there's no problem with this one, that isn't their role. their role is to regulate and oversee and really that is something that the f amount a could have done and should have done. there have been other planes with new systems. the 77 had the same bumpy roll-out, but there was not a major problem with one component. if they switched it out, you're absolutely right, they may have to reengineer the system, which would add weight. that's a very critical component for this very efficient, modern, highly desirable plane. >> mary, does the bar go higher for fuss plan
, for the faa and for this project. we should be very clear. the 787 is a more fuel-fish, yes, but it also doesn't have the heavy, pneumatic systems. it has this unique electrical system which relying on lithium-ion batteries. how far do you go that actually it has potentially a conflict of interest in that it has to both regulate and promote this industry. >> that's true. that's why when last weerk the faa at the press conference said this is a safe carrier and there's no problem with...
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Mar 22, 2013
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the faa today said it's closing 149 air traffic control towers. that's not sitting well with some republican lawmakers. one senator says this is quote like removing stop lights and stop signs from our roads. other critics say the faa could save the towers by tapping into millions of unspent research dollars. and for the famous punxsutawney phil has given his last forecast. a lawyer has indicted the famous groundhog who did not see his shadow on february 2nd. no shadow means an early spring. not exactly. spring officially did spring this week but boy it's still cold in much of the country including here. >> i think the prosecutor has a good idea. i've been cold for weeks and weeks and weeks. >> let's go the florida. let's move the show to florida. >> i have to move the show. let's get some reaction from our guests. we welcome back congressman frank palone. the great mark simone. >> you can talk about anything you want. do you disagree with me about the democratic budget in the senate? they got rid of the sequester and spending the money and raising
the faa today said it's closing 149 air traffic control towers. that's not sitting well with some republican lawmakers. one senator says this is quote like removing stop lights and stop signs from our roads. other critics say the faa could save the towers by tapping into millions of unspent research dollars. and for the famous punxsutawney phil has given his last forecast. a lawyer has indicted the famous groundhog who did not see his shadow on february 2nd. no shadow means an early spring. not...
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Apr 23, 2013
04/13
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we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer flights and furloughing workers to make life hard. what's that about? >> these are the priorities of government. and they would be absurd if they weren't just outrageous. they whose -- faa chose to prioritize air safety and passenger service, chose inflict as much political pain as possible on the traveling public. they have the money. as you pointed out. and they have a lot less, what i would say, frivolous spending on conferences, consultants, supplies, that they could be, frankly, prioritizing for -- another thing is, a year-and-a-half. since the sequester law became law to se
we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer...
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Sep 23, 2013
09/13
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the faa will step in and say you're not going to be able to do that. the airlines are concerned about devices interfering with plane instruments. the bottom line is this, tyler and sue, we will see a relaxation here but you're still going to have some restrictions in terms of personal electronics, mainly i comes down to whether or not there's a signal out of that device. that's what the airlines remain concerned about. >> right. you know what, it's progress. at least we willble able to use a few things. profit estimates for the industry are being cut. why? >> international air transport association says it's likely going to see an 8% decrease in global airline profits this year. two reasons, some weakness had in parts of asia, not china, but other parts of asia and slower demand for freight traffic. and that's been a bugaboo for the aviation industry for several years. >> it sure has. phil, thanks so much. appreciate it. ty, up to you. >> all right. apple a big stock to watch today. the tech giant knocking it out of the park with its weekend sales figu
the faa will step in and say you're not going to be able to do that. the airlines are concerned about devices interfering with plane instruments. the bottom line is this, tyler and sue, we will see a relaxation here but you're still going to have some restrictions in terms of personal electronics, mainly i comes down to whether or not there's a signal out of that device. that's what the airlines remain concerned about. >> right. you know what, it's progress. at least we willble able to...
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Mar 13, 2013
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. >> the faa has approved the plan for fixing the battery systems. what will happen next is test flights, more testing. if boeing can meet the requirements set up by the faa, then eventually they could approve the fix. we're looking at perhaps by the end of april, early may, we might see the grounding lifted if these tests go as planned. >> early april -- late april, early may, the possible time line. >> right now it's still fluid. >> thank you very much. >> we're talking cyber crime, cyber terror. whatever it is, whatever you call it, it keeps hitting american internet sites including chase once again today. we're going to talk to a former white house internet security chief to get his take on how this country needs to fight back. law and order online next on power lunch. >> and that sea gull is still sitting there because we are waiting on a decision on whether the body of cardinals at the vatican have decided on a new pope. white smoke means they have. black smoke indicates they have not. we are monitoring it and we will get it to you as soon as i
. >> the faa has approved the plan for fixing the battery systems. what will happen next is test flights, more testing. if boeing can meet the requirements set up by the faa, then eventually they could approve the fix. we're looking at perhaps by the end of april, early may, we might see the grounding lifted if these tests go as planned. >> early april -- late april, early may, the possible time line. >> right now it's still fluid. >> thank you very much. >> we're...
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Oct 31, 2013
10/13
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here are the new rules from the faa. and essentially this does affect the takeoffs and the landing below 10,000 feet. what will be allowed? e-readers, ipods, game devices, basically anything that's not sending out a signal but is still electronic. what is still banned? anything with cell service. so you won't be able to text or tweet or send an e-mail. and you still cannot make phone calls in a plane. regardless of whether it's 10,000 feet or above. the faa says airlines should change their policies by the end of the year. we'll talk more about some who are doing it even sooner than that. if a flight attendant, however, still asks to you turn off your device, you must comply. here's the head of the faa explaining the new changes. >> most commercial airplanes can tolerate radio interference from portable electronic devices. it's safe to read downloaded materials like e-books and calendars and also to play games. >> now, we talked about the airlines who might be moving quickly to change their procedures. both delta and jet
here are the new rules from the faa. and essentially this does affect the takeoffs and the landing below 10,000 feet. what will be allowed? e-readers, ipods, game devices, basically anything that's not sending out a signal but is still electronic. what is still banned? anything with cell service. so you won't be able to text or tweet or send an e-mail. and you still cannot make phone calls in a plane. regardless of whether it's 10,000 feet or above. the faa says airlines should change their...
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Jan 17, 2013
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boeing is working with the faa to prove these batteries are safe and in compliance with what the faa wants to see in the dreamliner. boeing must show they are safe and will not prompt potential fire with a malfunction while in flight. that has been the concern following what happened last week in boston, and then earlier this week in japan. once this directive came out from the faa we heard from boeing ceo saying we will be taking every necessary step in the coming days to ensure our customers and the traveling public of the 787 safety and to return those airplanes to service. the last dreamliner to land in the u.s. happened last night here in chicago. lot airline landing at o'hare. there was supposed to be a fairly large ceremony commemorating the start of service between warsaw and chicago with the dreamliner. they called off the festivities. understandably a frustrating day for the folks at lot. airlines generally are not replacing or are not expected to replace most of the routes where there were canceled 787 flights with other aircraft. some will be able to do that. many will no
boeing is working with the faa to prove these batteries are safe and in compliance with what the faa wants to see in the dreamliner. boeing must show they are safe and will not prompt potential fire with a malfunction while in flight. that has been the concern following what happened last week in boston, and then earlier this week in japan. once this directive came out from the faa we heard from boeing ceo saying we will be taking every necessary step in the coming days to ensure our customers...
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Jan 17, 2013
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that's why they are working feverishly with the faa and saying, look, this is what we believe is the best solution possible. >> what do you think the finance will be for boeing. can they absorb it? this isn't just in the u.s. but in japan and india and elsewhere, right? >> yes. they can absorb it. this gets to my caution on the stock, is that the impact on the cash flow at this point is an unknown. airlines want compensation on issues like this, whether it be operating aircraft that can't fly or deliveries that are late into service. so the worst case scenario where they need to recertify parts of the aircraft can lead it a significant delay and costs are very substantial. i don't think that is the best case scenario. i think boeing is, like you said, they are working feverishly behind the scenes. i have spoken to people in seattle. they aren't overly panicked. they feel they work a solution but there is no extensithey wil expense with the issue, obviously. >>> they aren't flying 787, but they are making news today. they have a new logo, making american more modern, vibe ant and it o
that's why they are working feverishly with the faa and saying, look, this is what we believe is the best solution possible. >> what do you think the finance will be for boeing. can they absorb it? this isn't just in the u.s. but in japan and india and elsewhere, right? >> yes. they can absorb it. this gets to my caution on the stock, is that the impact on the cash flow at this point is an unknown. airlines want compensation on issues like this, whether it be operating aircraft that...
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Apr 30, 2013
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point number two, the faa fiasco could have totally been avoided. i don't know what he's talking about infrastructure. they did not take money from infrastructure. and the point number three, the public, howard dean, is furious at that, and obama's polls dropped ten points. >> look, this is just republican talking points and bupkis as they say. >> no -- >> really and truly. no, the fact of the matter is, the sequester was agreed to by both parties. this is a bipartisan screw-up and they did it. >> whose idea was it? >> who cares whose idea it is? i don't know anybody knows -- what difference does it make? they both voted for it and that's a fact. first of all. secondly, it is true that the sequester began to inconvenience a lot of people with the faa but that never should have been in a sequester in the first place. you do not eliminate essential services in a sequester. >> right. >> if you think -- >> right. >> a possibility -- >> that's my point. >> but they both agreed to that. both parties agreed to that. >> the proposers -- >> wait a second. ju
point number two, the faa fiasco could have totally been avoided. i don't know what he's talking about infrastructure. they did not take money from infrastructure. and the point number three, the public, howard dean, is furious at that, and obama's polls dropped ten points. >> look, this is just republican talking points and bupkis as they say. >> no -- >> really and truly. no, the fact of the matter is, the sequester was agreed to by both parties. this is a bipartisan...
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Dec 2, 2013
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here's what the faa has said. unmanned aircraft system integration must be accomplished without reducing existing capacity decreasing safety impacting current operators or placing other air space users or persons and property on the ground at increased risk. they say they see a much broader range than just delivering packages or pizzas. faa is considering security applications disaster response applications news and sport event coverage. i would love to get into on that for cnbc, if we could get a drone of our own in the air. cargo transport, monitoring infrastructure, ports, pipelines, commercial photography, mapping and advertising. i talked to a couple of experts in this field and they say amazon might want to go to the u.s. marine corps for advice how to do this because the marines are operating a robotic system in afghanistan called the k-max. it has the capability of delivering 5,000 pounds of equipment to marines in the field. they're using it. they've had a lot of crashes but they have experience using thi
here's what the faa has said. unmanned aircraft system integration must be accomplished without reducing existing capacity decreasing safety impacting current operators or placing other air space users or persons and property on the ground at increased risk. they say they see a much broader range than just delivering packages or pizzas. faa is considering security applications disaster response applications news and sport event coverage. i would love to get into on that for cnbc, if we could...
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Apr 22, 2013
04/13
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>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >> and the question is, if you're waking up this morning, you have a choice of which airport you're going to, he's going to laguardia, maybe, new york or jfk. >> give me some advice. >> what do you do? we're trying to get him into teet teeterboro. mike? >> any airport is going to get gummed up. >> it doesn't matter? >> no. look, your delay out of laguardia means you're going to miss your connection in chicago. so it's a whole system. omaha is going to get hit, lincoln is going to get hit, everybody is going to get hi it. >> but to be fair, we
>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >>...
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Jan 11, 2013
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the faa administrator. take a listen. >> from day one, we have worked with boeing to certify these systems and to further ensure that this innovative aircraft meets our high level of safety for the flying public. we believe this is a safe aircraft. >> in addition to that, the faa said they logged 200,000 hours of work during the certification of this airplane tight, flew on numerous test flights obviously. boeing executive guys saying that the problems, jim, are not caused by outsourcing and they welcome any changes that their regulators suggest. >> couldn't ask for more in terms of boeing dealing with this. this is a very complicated plane. i remember even when they first used the composites, that was a problem. now it's the ion -- lithium ion brat ris. i know it sounds mundane that they will fix this, but i've got to stick by that. this is one of the best manufacturers in the world. >> buy on the weakness? >> no, united technologies, ge, precision cast parts, you can buy so many aerospace plays. jets are
the faa administrator. take a listen. >> from day one, we have worked with boeing to certify these systems and to further ensure that this innovative aircraft meets our high level of safety for the flying public. we believe this is a safe aircraft. >> in addition to that, the faa said they logged 200,000 hours of work during the certification of this airplane tight, flew on numerous test flights obviously. boeing executive guys saying that the problems, jim, are not caused by...
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Apr 25, 2013
04/13
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air worthiness directive from the faa. technically. it is not published until tomorrow but this is the beginning of the final step that would lift the grounding of the dreamliner. officially it only applies to the united 787s because they are the only one with licensing, if you will, here in the united states. but this is the beginning, carl, of them lifting the grounding and you'll tart to see the dreamliners flying. we talked about it yesterday. ethiopian airlines are planning on having the first flight on saturday once battery fixes are made there. >> yes. we know what boeing shares have done in the wake of these most recent developments, up another percent today to $91.50. >>> for more coverage of our "green is universal," check to green.cnbc.com. >>> angie's list shares full-on rally mode this morning. they've basically doubled now so far this year. as far as many are concerned they are knocking it out of the park. we will speak to one of the co-founders, his first tv interview after the break. >>> tomorrow, a global
air worthiness directive from the faa. technically. it is not published until tomorrow but this is the beginning of the final step that would lift the grounding of the dreamliner. officially it only applies to the united 787s because they are the only one with licensing, if you will, here in the united states. but this is the beginning, carl, of them lifting the grounding and you'll tart to see the dreamliners flying. we talked about it yesterday. ethiopian airlines are planning on having the...
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Feb 7, 2013
02/13
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they're still waiting to hear from the faa. there's no indication the faa is going to be making that determination sometime soon. that would certainly be an event that could move the shares again. again, scott, take a look at what happened here. spiked tire at the beginning of the ntsb press conference talking about more specifics with the fire. as it became clear, they have not yet found the root cause. what actually caused a short circuit in that battery. we saw the shares pulling back a bit. that's the latest. back to you. >> it's interesting to get the traders' take. what do you do, josh, with boeing here? >> my schtick is any time there's controversy, i'm not involved. >> it raises the question. there will be others who say, you buy things like this when everybody else is fear l of. >> not yet. if that's your game, if you're like knee jerk contrarian, and any time somebody's negative, you automatically buy, that's fine. not my game. i think it's fairly early. >> that's not my game too. i like boeing. we've pulled back befo
they're still waiting to hear from the faa. there's no indication the faa is going to be making that determination sometime soon. that would certainly be an event that could move the shares again. again, scott, take a look at what happened here. spiked tire at the beginning of the ntsb press conference talking about more specifics with the fire. as it became clear, they have not yet found the root cause. what actually caused a short circuit in that battery. we saw the shares pulling back a bit....
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May 3, 2013
05/13
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once the faa figures this out, 2015, then we'll probably see the best position companies really leap ahead. >> all right, jon, so, can we credit drones for dow 15,000? i don't know. >> not yet, but -- >> one of the biggest drone makers, boeing, has been the biggest contributor, though, to the dow rally, as the dow moved from 14,000 to 15,000. thank you, jon. boeing's rise was good for 144 points. can the stock keep on flying? we want to get in on the action with brian stutland. would you bet on boeing? >> it's had a great run. if you look at the five-year chart it looks fantastic. i believe the stock trades above $100 a share here. it feels like the stock wants to move to new all-time highs, good 5%, 10% above 100 bucks. we highlighted this on the blog on the cnbc website, big call bilers a few weeks ago, spotting that boeing would trade over $90 a share. today, people are betting that boeing trends a little higher. there's a floor at $90 here. i think the stock trades higher. you are talking about a stock that's done very well it pays out a dividend yield better than the ten-year tr
once the faa figures this out, 2015, then we'll probably see the best position companies really leap ahead. >> all right, jon, so, can we credit drones for dow 15,000? i don't know. >> not yet, but -- >> one of the biggest drone makers, boeing, has been the biggest contributor, though, to the dow rally, as the dow moved from 14,000 to 15,000. thank you, jon. boeing's rise was good for 144 points. can the stock keep on flying? we want to get in on the action with brian...
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Jan 18, 2013
01/13
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today investigators of the faa and the ntsb were on the ground there looking at the ama dreamliner that had the emergency landing. meanwhile, japanese investigators, they believe they will have their initial report on the incident next week. they have found similarities between the battery with that dreamliner and the dreamliner that caught on fire in boston. there's the battery. they are taking it from the plane in japan, and as for boeing, and you look at the assembly going on in seattle, as well as down in charleston, south carolina for the dreamliner, boeing says it's not slowing down production at all, but it is also meeting with the faa to start resuming production flight. as they build these, maria, they have to do a flight when they are done building them, before they can deliver them. they can't do that with this grounding, so that's the first step that boeing wants to clear with the faa. this is a story we'll be following all next week. maria? >> amazing. phil, thanks so much. catch phil's unprecedented access to the plane that was supposed to change the way you fly. "dreamlin
today investigators of the faa and the ntsb were on the ground there looking at the ama dreamliner that had the emergency landing. meanwhile, japanese investigators, they believe they will have their initial report on the incident next week. they have found similarities between the battery with that dreamliner and the dreamliner that caught on fire in boston. there's the battery. they are taking it from the plane in japan, and as for boeing, and you look at the assembly going on in seattle, as...
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Mar 7, 2013
03/13
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meanwhile, beauing is waiting for the faa to approve the suggested fixes that it presented to the faa last week. the faa, i'm told, is expected to approve a condition yl approval of the fixes perhaps as early as next week. might see the dreamliner groundings lifted by the end of april or beginning of may. and that's one reason why you look at shares of boeing up more than 2.5%, sue. we haven't seen shares of boeing trading at this level since may of 2011. sue, back to you. >> wow, phil, thank you very much. you know, four out of five dentist recommend it and now many analyst will probably as well. coal cobalt gate-palmolive splitti splitti splitting. up right now. >> the billionaire who accumulating a 6% stake in the company wants the pc maker to pay out nearly $16 billion in a special dividend, called leverage recapitalization. stock trading above the $13.60 buyout offer right now. jon fortt is in san francisco with more on the future of dell. jon? >> another billionaire battle with carl icahn battling, but this time taking on michael dell. under michael dell's plan it take the compa
meanwhile, beauing is waiting for the faa to approve the suggested fixes that it presented to the faa last week. the faa, i'm told, is expected to approve a condition yl approval of the fixes perhaps as early as next week. might see the dreamliner groundings lifted by the end of april or beginning of may. and that's one reason why you look at shares of boeing up more than 2.5%, sue. we haven't seen shares of boeing trading at this level since may of 2011. sue, back to you. >> wow, phil,...
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Jan 11, 2013
01/13
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again, the faa is going to be conducting a special review of the power system on the 787 dream liner. this review is likely to take several weeks if not a couple of months. >> thanks very much. >>> we come back to our gun control panel. we're going to bring in a newbie from the "daily caller." we're a little out of order, that's what happens with break-in news. did you pick anything up? first of all, walmart in the meeting today. i guess they're in the meeting with attorney general holder. did you pick up anything? and mow important are they to this? >> walmart is the largest gun retailer in america. and so they're very important. the other thing about walmart is, obviously they have red state bona fides. they're not an elite east coast company, they're based in arkansas, so they have credibility with kind of average americans so, if the obama administration could get them onboard with some sort of gun control and they would call it common sense, of course, gun control. that would be huge. it's unclear whether or not that is going to happen, but i think it's very likely that's what th
again, the faa is going to be conducting a special review of the power system on the 787 dream liner. this review is likely to take several weeks if not a couple of months. >> thanks very much. >>> we come back to our gun control panel. we're going to bring in a newbie from the "daily caller." we're a little out of order, that's what happens with break-in news. did you pick anything up? first of all, walmart in the meeting today. i guess they're in the meeting with...
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Sep 23, 2013
09/13
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here are the changes an faa advisory panel is looking at. easing restrictions when it comes to using your electronics, particularly when it comes to landing and taking off. that's where the focus is for this panel that's been looking at this. do expect them to maintain a ban on in-flight calls from cell phone. that's not going to change. what might change, a couple of areas. one, if you're listening on an ipad or an ipod to music, ereaders, watching videos you've already downloaded, they'll likely say you can keep those on in the future. what will likely still be banned, sending and receiving e-mails, texting, using wi-fi. anything that sends out a signal, that will not sit well with airlines. this going to sit well with the airlines. >> i think so, absolutely. before we go, we have been teasing this and talking about this the whole show. sad news. what are you hearing? >> it's in production down in brazil. go to boulder, colorado, they're all over the place. go out to oregon and they're all over the place. they stopped selling the micro bus
here are the changes an faa advisory panel is looking at. easing restrictions when it comes to using your electronics, particularly when it comes to landing and taking off. that's where the focus is for this panel that's been looking at this. do expect them to maintain a ban on in-flight calls from cell phone. that's not going to change. what might change, a couple of areas. one, if you're listening on an ipad or an ipod to music, ereaders, watching videos you've already downloaded, they'll...